Are you a frequent stock market intraday trader? According to ICICI Direct, today is the ideal time to purchase shares of Wipro at the target price of Rs. 402.6 and maintain the stop loss (SL) at Rs. 392.4. Wipro’s current market shares price is Rs. 399.8.
As a wise investor, you must understand the market cap of the firm and the specifics of its industry of operation before making any investment.
Market cap about the Wipro shares
Wipro was founded in 1945, with a market worth of Rs 219635.11 Crore, and operates in the IT software industry.
Wipro operating in the IT Software sector
- Software services
- Networking
- Storage equipment
- Servers
- Software Licenses
Financial details about Wipro shares for the quarter ended 31-12-2022
- Income: 23867.30 Crore up%: 3.55% (from last quarter)
- Income: 23049.40 Crore up%: 14.79% (from last year same quarter)
- Income: 20791.50 Crore
- Net profit after tax: 3062.40 Crore in the latest quarter.
Wipro’s top management details
- Mr Rishad A Premji
- Mr Azim H Premji
- Mr. Thierry Delaporte
- Ms Tulsi Naidu
- Mr. Deepak M Satwalekar
- Dr Patrick J Ennis
- Mr Patrick Dupuis
- Mr Ireena Vittal.
Investment justification – Wipro
After taking support at the 61.8% retracement of the last up move, the price rebound indicates support attempts at lower levels. That is a good sign for investors or intraday traders.
Note: Wipro has a total of 549 Crore shares outstanding